 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > New York Business Loan Sources > Geneva, Business Loans > Five Star Bank Geneva Business Loans > Lessors Of Real Property Loan | ||||
 |
||||
SBA Lenders in New York
|
||||
 |
Borrowing Money for Lessors of Real Estate PropertyLooking for loans for lessors of real estate property? Try the SBA. This $100,000 lessors of real estate property loan was issued by a New York bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Interlaken, New York was able to borrow $100,000 from Five Star Bank. The SBA made the loan possible by guaranteeing $85,000 of this New York small business loan. SBA Loan Borrower COMPANY TYPE: LESSORS OF REAL PROPERTY SBA Loan Lender FIVE STAR BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6519 - Lessors of Real Property NAICS Code 531190 - Lessors of Real Estate Property Loan Approval Date 7/20/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA 7A Banks in Geneva, New York
|
|
||
|
||||
|
|
||||